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Harrison Street buys second Calgary medical office building
Harrison Street buys second Calgary medical office bldg.
Harrison Street has acquired its second medical office building in Calgary during the past three months, adding the 93,801-square-foot Seton Professional Centre to its portfolio.
Is industrial CRE headed for crash? Unlikely, and here's why...
GUEST SUBMISSION: I recently participated in my first Twitter Spaces discussion; essentially a call-in show on social media, with hundreds of participants listening in and chatting. One opinionated investor told the panel industrial is headed for a crash.
Additional 50 storeys for Toronto hotel
Centennial Hotels Ltd. and WZMH Architects will bring an additional 50 storeys to Cambridge Suites Hotel in Toronto’s financial district, bringing the new project to a height of 757 feet following the removal of the 1990 postmodern building’s peaked roof.
Slate Office REIT launches strategic review
One week after its largest investor released a public letter criticizing how management is operating Toronto-based Slate Office REIT (SOT-UN-T), the trust has created a special committee to conduct a “comprehensive review of strategic alternatives.”
Almadev proposes eight buildings for Lansing Square redev.
Almadev — formerly known as Elad Canada — has made significant changes to plans for Lansing Square, its proposed eight-building master-planned mixed-use community in North York. The WZMH Architects-designed project would include four residential towers of up to 40 storeys
 | NORR Transforming office buildings to livable spacesThe pandemic has been a key driver for reimagining our relationship with the built environment and is presenting new opportunities across portfolios and sectors. With a surplus of office space resulting from evolving workplace strategies, owners in conjunction with teams. Sponsored by: NORR |
SSCALIA's Montreal mixed-use project passes registry
SSCALIA Properties' proposed mixed-use high-density redevelopment in Dollard-des-Ormeaux will not face a referendum following a registry process last week. The proposal includes three buildings with 393 residential units of one, two or three bedrooms, plus ground-level commercial space.
What does future hold for Montreal's unused church bldgs.?
According to the most recent numbers available from Quebec’s Culture and Communications Ministry, 242 churches are owned by Christian denominations in Montreal. Many parishes are struggling to preserve the imposing, stone buildings where church services are no longer held.
Westbank's 25-storey Van. mixed-use would have no parking
Westbank's proposed 25-storey mixed-use tower 2015 Main St. in Vancouver would include 210 secured market rental units in addition to commercial retail space on the ground floor, but offer no vehicle parking spaces.
1940s-era Kingston building retrofit to cut GHGs 80%
Modern Niagara Group has an ambitious goal for its retrofit of an industrial and office complex at 945 Princess St. in Kingston, Ont. The contractor is targeting an 80 per cent reduction in greenhouse gas emissions at the 1940s-era structure.
15% of Calgary's city-owned buildings in bad condition
A report from Calgary's city auditor found 15 per cent of 501 city-owned buildings are in poor and critical condition. The city estimates it would take $100 million annually over three years to make the necessary repairs.
Competition Bureau to look into Canada's grocery sector
The Competition Bureau is launching a study of grocery store competition in Canada. It will examine various issues with the goal of recommending measures governments can take to help improve competition in the sector.
Mohawk acquires 165,000-square-foot Illinois MOB
Toronto-based Mohawk Asset Management Corp. announced the purchase of The DuPage Corporate Center, a 165,000-square-foot, three-storey medical/professional office building in the growing town of Lombard, DuPage County, a western suburb of Chicago.
Google plans $600M expansion of Midwest data centre hub
Google will spend $600 million US to expand its data centre campus in Council Bluffs, Iowa. The project marks a significant addition to Google’s campus in Omaha, Neb., in which Google has already invested more than $5 billion.
TD sees U.S. commercial loan growth
Toronto-Dominion Bank’s U.S. commercial lending chief sees loan demand growing even as the Federal Reserve aggressively hikes rates that are already at the highest since 2008.
Cell phone towers log solid returns
While the core commercial real estate sectors including industrial and multifamily have garnered the attention of many investors, smaller asset types, such as cell phone towers, have flown under the radar screen despite a solid track record.
Bridging CEO had stake in The One, lawsuit alleges
Natasha Sharpe, the former chief executive of Bridging Finance Inc., was a part-owner of developer Sam Mizrahi's luxury condo development known as The One when the troubled lender secretly backstopped the project with investor funds, a recent court action alleges.
Ontario raising foreign homebuyer tax to 25 per cent
Ontario has announced it is raising the non-resident speculation tax on homes purchased by foreign nationals from 20 per cent to 25 per cent, effective Tuesday.
Interest rate hikes cool residential construction
The fact employment in the construction industry has contracted in four of the past six months sends a clear signal higher interest rates have started to cool residential construction. Investment in residential projects year-to-date has fallen seven per cent.
Tricon announces resident bill of rights
Tricon Residential Inc. ( TCN-T), an owner and operator of single-family rental homes and multiresidential apartments in the U.S. and Canada, announced a residents' bill of rights, the first of its kind among single-family rental housing providers in the U.S.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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